What Can Go Wrong In Trust Administration By: Barry E. Haimo, Esq.May 30, 2024 Effective trust administration is crucial to ensuring that a trust is managed according to its terms and the law. However, several challenges can arise, potentially complicating the...
Directed Trustees and Other Possible Trust Parties By: Barry E. Haimo, Esq. May 25, 2024 While there are three main parties that are involved in every trust – the Creator, the Trustee, and the Beneficiary – those are not the only possible parties who might be involved...
Funding Your Trust: Does It Really Need to Happen Right Away? By: Barry E. Haimo, Esq. April 18, 2024 If you’re thinking to getting a trust and know other people who have set them up, chances are good that you have gotten the advice – likely unsolicited – that it is...
How the Grantor Sets Up Trust Distributions and How the Trustee Manages Them By: Barry E. Haimo, Esq.May 23, 2024 Without distributions, a trust is just a collection of assets sitting around that cannot be touched. Because of this, setting up and managing trust...
If you’re thinking of setting up a trust and you’ve never done it before, you probably have a lot of questions. How do you do it? Who needs to be involved? How do they work? Are they worth it? In this post, we’re going to try to cover several of those questions to...
[Read Transcript] HAIMO: If a person executes a revocable living trust, and all of their property is in the name of the trust, then there is no need for a probate proceeding. So what happens to living trusts after death? Before we dive into that, it’s...